March, 2008 – Gambling and Taxes with Jean Scott

March, 2008 – Gambling and Taxes with Jean Scott

Steve interviews Jean Scott, author of Tax Help for Gamblers, about the tax implications for gamblers. They discuss what ID is needed to claim winnings; which forms you receive from the casinos, how to keep a gambling diary; how to declare wins and losses on your tax forms; state tax liabilities; and more.